Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Review of Managerial Science
Published in: Review of Managerial Science 6/2020

12-03-2019 | Review Paper

Trends and turning points of banking: a timespan view

Authors: Payam Hanafizadeh, Seyedali Marjaie

Published in: Review of Managerial Science | Issue 6/2020

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Over the past three decades, the banking industry has influenced by significant events such as deregulation, the advent of new technologies, the trend of globalization and financial crises. These events influenced the research areas of the field. This paper provides the study of an emerged timespan view of the development and evolution of banking literature from 1994 to 2017, during our explorations of literature from 1900 onward. It explores the changes, examines the conceptual orientations by the authors, and outlines the future study areas in the banking studies. We created a dataset of 8278 records of banking papers from Web of Science scientific citation indexing service. The results of scientometrics analysis of the articles indicate that banking literature falls into eight different coherent themes of study such as competition, debt, economies of scale, financial crises, credit, saving, banking in transition, and finance. Our findings show that among the eight emerged themes, the two study areas of financial crisis and competition are the youngest ones that will have a significant impact on the opening of future research avenues in banking studies.
next article The role of product line breadth, product pre-entry experience, and market uncertainty in explaining followers’ speed of feature entry

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
Appendix
Available only for authorised users
Footnotes
1
Industrial organization is a field that discusses the way firms compete with one another. It analysis the market and firm structure through the determinants of the firm, market organization and behavior of the firm (Cabral 2017).
 
2
Commercial papers and medium-term notes.
 
3
Privately-placed debt issues.
 
Literature
Adrian T, Ashcraft AB (2016) Shadow banking: a review of the literature. In: Banking crises. Palgrave Macmillan, London, pp 282–315
Allen L, Rai A (1996) Operational efficiency in banking: an international comparison. J Bank Finance 20(4):655–672
Altunbas Y, Evans L, Molyneux P (2001) Bank ownership and efficiency. J Money Credit Bank 33:926–954
Arencibia-Jorge R, Corera-Alvarez E, Chinchilla-Rodríguez Z, de Moya-Anegón F (2016) Scientific output of the emerging Cuban biopharmaceutical industry: a scientometric approach. Scientometrics 108(3):1621–1636
Baele L, De Jonghe O, Vander Vennet R (2007) Does the stock market value bank diversification? J Bank Finance 31(7):1999–2023
Barth JR, Caprio G Jr, Levine R (2004) Bank regulation and supervision: what works best? J Financ Intermed 13(2):205–248
Barth JR, Caprio G, Levine R (2008) Rethinking bank regulation: till angels govern. Cambridge University Press, Cambridge
Beccalli E (2007) Does IT investment improve bank performance? Evidence from Europe. J Bank Finance 31(7):2205–2230
Beccalli E, Anolli M, Borello G (2015) Are European banks too big? Evidence on economies of scale. J Bank Finance 58:232–246
Becht M, Bolton P, Röell A (2011) Why bank governance is different. Oxford Rev Econ Policy 27(3):437–463
Beck T, Demirgüç-Kunt A, Levine R (2006) Bank concentration, competition, and crises: first results. J Bank Finance 30(5):1581–1603
Beck T, De Jonghe O, Schepens G (2013) Bank competition and stability: cross-country heterogeneity. J Financ Intermed 22(2):218–244
Beltratti A, Stulz RM (2012) The credit crisis around the globe: why did some banks perform better? J Finance Econ 105(1):1–17
Benston GJ (1965) Branch banking and economies of scale. J Finance 20(2):312–331
Berger AN (1998) The efficiency effects of bank mergers and acquisition: a preliminary look at the 1990 s data. In: Bank mergers & acquisitions. Springer, Boston, pp 79–111
Berger AN, Bouwman CH (2009) Bank liquidity creation. Rev Financ Stud 22(9):3779–3837
Berger AN, Bouwman CH (2013) How does capital affect bank performance during financial crises? J Financ Econ 109(1):146–176
Berger AN, Humphrey DB (1991) The dominance of inefficiencies over scale and product mix economies in banking. J Monet Econ 28(1):117–148
Berger AN, Humphrey DB (1992) Megamergers in banking and the use of cost efficiency as an antitrust defense. Antitrust Bull 37(3):541–600
Berger AN, Humphrey DB (1997) Efficiency of financial institutions: international survey and directions for future research. Eur J Oper Res 98(2):175–212
Berger AN, Mester LJ (1997) Inside the black box: what explains differences in the efficiencies of financial institutions? J Bank Finance 21(7):895–947
Berger AN, Mester LJ (2003) Explaining the dramatic changes in performance of US banks: technological change, deregulation, and dynamic changes in competition. J Financ Intermed 12(1):57–95
Berger AN, Hancock D, Humphrey DB (1993a) Bank efficiency derived from the profit function. J Bank Finance 17(2–3):317–347
Berger AN, Hunter WC, Timme SG (1993b) The efficiency of financial institutions: a review and preview of research past, present and future. J Bank Finance 17(2–3):221–249
Berger AN, Kashyap AK, Scalise JM, Gertler M, Friedman BM (1995) The transformation of the US banking industry: what a long, strange trip it’s been. Brook Papers Econ Act 1995(2):55–218
Berger AN, Demsetz RS, Strahan PE (1999) The consolidation of the financial services industry: causes, consequences, and implications for the future. J Bank Finance 23(2–4):135–194
Berger AN, Espinosa-Vega MA, Frame WS, Miller NH (2005a) Debt maturity, risk, and asymmetric information. J Finance 60(6):2895–2923
Berger AN, Frame WS, Miller NH (2005b) Credit scoring and the availability, price, and risk of small business credit. J Money Credit Bank 37(2):191–222
Berger AN, Miller NH, Petersen MA, Rajan RG, Stein JC (2005c) Does function follow organizational form? Evidence from the lending practices of large and small banks. J Financ Econ 76(2):237–269
Berger AN, Hasan I, Zhou M (2009a) Bank ownership and efficiency in China: what will happen in the world’s largest nation? J Bank Finance 33(1):113–130
Berger AN, Klapper LF, Turk-Ariss R (2009b) Bank competition and financial stability. J Financ Serv Res 35(2):99–118
Berger AN, Molyneux P, Wilson JO (2014) The Oxford handbook of banking. Oxford University Press, Oxford
Bikker JA, Haaf K (2002) Measures of competition and concentration in the banking industry: a review of the literature. Econ Financ Modell 9(2):53–98
Blundell-Wignall A, Slovik P (2011) A market perspective on the European sovereign debt and banking crisis. OECD J Financ Mark Trends 2010(2):9–36
Bonin JP, Hasan I, Wachtel P (2005) Bank performance, efficiency and ownership in transition countries. J Bank Finance 29(1):31–53
Bonin J, Hasan I, Wachtel P (2010) Banking in transition countries. In: Berger AN, Molyneux P, Wilson JOS (eds) Oxford handbook of banking. Oxford University Press, Oxford
Bonin J, Hasan I, Wachtel P (2014) Banking in transition countries. J Bank Finance 29:31–53
Boot AW (2000) Relationship banking: what do we know? J Financ Intermed 9(1):7–25
Boyd JH, De Nicoló G (2005) The theory of bank risk taking and competition revisited. J Finance 60(3):1329–1343
Brealey R, Leland HE, Pyle DH (1977) Informational asymmetries, financial structure, and financial intermediation. J Finance 32(2):371–387
Brunnermeier MK (2009) Deciphering the liquidity and credit crunch 2007–2008. J Econ Perspect 23(1):77–100
Burger A, Moormann J (2010) Performance analysis on process level: benchmarking of transactions in banking. Int J Banking Account Finance 2(4):404–420
Cabral LM (2017) Introduction to industrial organization. MIT Press, Cambridge
Callon M, Law J, Rip A (1986) Mapping the dynamics of science and technology. Springer, Berlin
Calomiris CW, Kahn CM (1991) The role of demandable debt in structuring optimal banking arrangements. Am Econ Rev 81(3):497–513
Campbel TS, Kracaw WA (1980) Information production, market signaling, and the theory of financial intermediation. J Finance 35(4):863–882
Campello M, Graham JR, Harvey CR (2010) The real effects of financial constraints: evidence from a financial crisis. J Financ Econ 97(3):470–487
Caprio G, Laeven L, Levine R (2007) Governance and bank valuation. J Financ Intermed 16(4):584–617
Carruthers BG, Lamoreaux NR (2016) Regulatory races: the effects of jurisdictional competition on regulatory standards. J Econ Lit 54(1):52–97
Casu B, Girardone C (2006) Bank competition, concentration and efficiency in the single European market. Manch School 74:441–468
Chen C (2004) Searching for intellectual turning points: progressive knowledge domain visualization. Proc Nat Acad Sci 101(Suppl 1):5303–5310
Chen C (1999) Visualising semantic spaces and author co-citation networks in digital libraries. Inf Process Manag 35(3):401–420
Chen C (2006) CiteSpace II: detecting and visualizing emerging trends and transient patterns in scientific literature. J Assoc Inf Sci Technol 57(3):359–377
Chen C (2012) Predictive effects of structural variation on citation counts. J Assoc Inf Sci Technol 63(3):431–449
Chen C, Song I-Y, Yuan X, Zhang J (2008) The thematic and citation landscape of data and knowledge engineering (1985–2007). Data Knowl Eng 67(2):234–259
Chen C, Ibekwe-SanJuan F, Hou J (2010) The structure and dynamics of cocitation clusters: a multiple-perspective cocitation analysis. J Assoc Inf Sci Technol 61(7):1386–1409
Claessens S, Laeven L (2004) What drives bank competition? Some international evidence. J Money Credit Bank 36(3):563–583
Claessens S, Demirgüç-Kunt A, Huizinga H (2001) How does foreign entry affect domestic banking markets? J Bank Finance 25(5):891–911
Courchane M, Nickerson D, Sullivan R (2002) Investment in internet banking as a real option: theory and tests. J Multinatl Financ Manag 12(4–5):347–363
Davies R, Tracey B (2014) Too big to be efficient? The impact of implicit subsidies on estimates of scale economies for banks. J Money Credit Bank 46(s1):219–253
Degryse H, Ongena S (2006) Competition and regulation in the banking sector: a review of the empirical evidence on the sources of bank rents. In: Boot AWA, Thakor A (eds) Handbook of financial intermediation and banking. Elsevier, Amsterdam
Degryse H, Kim M, Ongena S (2009) Microeconometrics of banking: methods, applications, and results. Oxford University Press, Oxford
Demirgüç-Kunt A, Detragiache E (1998) The determinants of banking crises in developing and developed countries. Staff Papers 45(1):81–109
Demirgüç-Kunt A, Huizinga H (2010) Bank activity and funding strategies: the impact on risk and returns. J Financ Econ 98(3):626–650
Deng S, Elyasiani E (2008) Geographic diversification, bank holding company value, and risk. J Money Credit Bank 40(6):1217–1238
DeYoung R (2010) Banking in the United States. In: The Oxford Handbook of Banking, Oxford University Press, Oxford
DeYoung R, Lang WW, Nolle DL (2007) How the Internet affects output and performance at community banks. J Bank Finance 31(4):1033–1060
DeYoung R, Evanoff DD, Molyneux P (2009) Mergers and acquisitions of financial institutions: a review of the post-2000 literature. J Financ Serv Res 36(2):87–110
Diamond DW (1984) Financial intermediation and delegated monitoring. Rev Econ Stud 51(3):393–414
Diamond DW (1991) Monitoring and reputation: the choice between bank loans and directly placed debt. J Polit Econ 99(4):689–721
Dick AA, Hannan TH (2010) Competition and antitrust in banking. In: Berger AN, Molyneux P, Wilson JOS (eds) Oxford handbook of banking. Oxford University Press, Oxford
Fama EF (1985) What’s different about banks? J Monetary Econ 15(1):29–39
Frame WS (2010) Technological change, financial innovation, and diffusion in banking. DIANE Publishing, Darby
Freixas X, Rochet JC (1997) Microeconomics of banking. MIT Press Books, Cambridge
Fries S, Taci A (2005) Cost efficiency of banks in transition: evidence from 289 banks in 15 post-communist countries. J Bank Finance 29(1):55–81
Goddard J, Wilson JO (2009) Competition in banking: a disequilibrium approach. J Bank Finance 33(12):2282–2292
Goddard J, Molyneux P, Wilson J (2001) European banking. Wiley, Chichester
Goddard J, Molyneux P, Wilson JO, Tavakoli M (2007) European banking: an overview. J Bank Finance 31(7):1911–1935
Goddard J, Molyneux P, Wilson JO (2010) Banking in the European Union. In: The Oxford handbook of banking, second edition. Oxford University Press, pp 807–843
Gupta R, Gupta B, Kumar A (2017) Mobile banking: a of global scientometric assessment publications output during 2007–16. Int J Inf Dissem Technol 7(2):128
Hanafizadeh P, Keating BW, Khedmatgozar HR (2014) A systematic review of Internet banking adoption. Telemat Inf 31(3):492–510
Hannan TH (1991) Foundations of the structure-conduct-performance paradigm in banking. J Money Credit Bank 23(1):68–84
Hannan T, McDowell J (1984a) Market concentration and the diffusion of new technology in the banking industry. Review Econ Stat 66(4):686–691
Hannan T, McDowell J (1984b) The determinants of technology adoption: the case of the banking firm. RAND J Econ 15(3):328–335
Hasan I, Marton K (2003) Development and efficiency of the banking sector in a transitional economy: Hungarian experience. J Bank Finance 27(12):2249–2271
Haubrich JG (1989) Financial intermediation: delegated monitoring and long-term relationships. J Bank Finance 13(1):9–20
Hernández-Murillo R, Llobet G, Fuentes R (2010) Strategic online banking adoption. J Bank Finance 34(7):1650–1663
Hughes JP, Mester LJ (2010) Efficiency in banking: theory, practice, and evidence. In: The Oxford handbook of banking, second edition, Oxford University Press, pp 463–485
Inderst R, Mueller HM (2008) Bank capital structure and credit decisions. J Financ Intermed 17:295–314
Index F. T. B. C. (2015). FT Bowen Craggs Index
Ivashina V, Scharfstein D (2010) Bank lending during the financial crisis of 2008. J Financ Econ 97(3):319–338
Jiménez G, Saurina J (2006) Credit cycles, credit risk, and prudential regulation. Int J Central Bank 2:65–98
Jiménez G, Lopez JA, Saurina J (2013) How does competition affect bank risk-taking? J Financ Stab 9(2):185–195
Jones KD, Critchfield T (2005) Consolidation in the US banking industry: is the long, strange trip about to end. FDIC Bank Rev 17:31
Kashyap AK, Stein JC (2000) What do a million observations on banks say about the transmission of monetary policy? Am Econ Rev 90(3):407–428
Keeley MC (1990) Deposit insurance, risk, and market power in banking. Am Econ Rev 1183–1200
Khan GF, Wood J (2015) Information technology management domain: emerging themes and keyword analysis. Scientometrics 105(2):959–972
Kim MC, Chen C (2015) A scientometric review of emerging trends and new developments in recommendation systems. Scientometrics 104(1):239–263
Kirzner IM (2002) The meaning of the market process: essays in the development of modern Austrian economics. Routledge, Abingdon
Krampen G (2016) Scientometric trend analyses of publications on the history of psychology: is psychology becoming an unhistorical science? Scientometrics 106(3):1217–1238
Kroszner RS, Laeven L, Klingebiel D (2007) Banking crises, financial dependence, and growth. J Financ Econ 84(1):187–228
La Porta R, Lopez-de-Silanes F, Shleifer A, Vishny RW (1997) Legal determinants of external finance. J Finance 53:1131–1150
La Porta R, Lopez-de-Silanes F, Shleifer A (2002) Government ownership of banks. J Finance 57(1):265–301
Laeven L, Levine R (2009) Bank governance, regulation and risk taking. J Financ Econ 93(2):259–275
Leon F (2015) Measuring competition in banking: a critical review of methods. Working Papers, HAL. (No halshs-01015794)
Lerner A (1995) The concept of monopoly and the measurement of monopoly power. In: Essential readings in economics. Palgrave, London, pp 55–76
Levine R, Loayza N, Beck T (2000) Financial intermediation and growth: causality and causes. J Monet Econ 46(1):31–77
Leydesdorff L (2005) Similarity measures, author cocitation analysis, and information theory. J Assoc Inf Sci Technol 56(7):769–772
Leydesdorff L, Rafols I (2009) A global map of science based on the ISI subject categories. J Assoc Inf Sci Technol 60(2):348–362
Lin X, Zhang Y (2009) Bank ownership reform and bank performance in China. J Bank Finance 33(1):20–29
Liu H, Molyneux P, Wilson J (2013) Competition in banking: measurement and interpretation. Edward Elgar Publishing, pp 197–215
Masciandaro D, Quintyn M (2016) The governance of financial supervision: recent developments. J Econ Surv 30(5):982–1006
Mian AR, Sufi A (2009) The consequences of mortgage credit expansion: evidence from the US mortgage default crisis. Quart J Econ 124:1449–1496
Micco A, Panizza U, Yanez M (2007) Bank ownership and performance. Does politics matter? J Bank Finance 31(1):219–241
Mitchell K, Onvural NM (1996) Economies of scale and scope at large commercial banks: evidence from the Fourier flexible functional form. J Money Credit Bank 28(2):178–199
Morris SA, Yen G, Wu Z, Asnake B (2003) Timeline visualization of research fronts. J Assoc Inf Sci Technol 54(5):413–422
Nickerson D, Sullivan RJ (2003) Financial innovation, strategic real options and endogenous competition: theory and an application to Internet banking. Federal Reserve Bank of Kansas City Payments System Research Working Paper PSR WP, 03-01
Panzar JC, Rosse JN (1982) Structure, conduct, and comparative statistics. Bell Telephone Laboratories, Murray Hill
Panzar JC, Rosse JN (1987) Testing for "Monopoly" equilibrium. J Indust Econ 35(4):443–456
Petersen MA, Rajan RG (1994) The benefits of lending relationships: evidence from small business data. J Finance 49(1):3–37
Petersen MA, Rajan RG (2002) Does distance still matter? The information revolution in small business lending. J Finance 57(6):2533–2570
Popov A, Udell GF (2012) Cross-border banking, credit access, and the financial crisis. J Int Econ 87(1):147–161
Porta RL, Lopez-de-Silanes F, Shleifer A, Vishny RW (1998) Law and finance. J Polit Econ 106(6):1113–1155
Pulley LB, Braunstein YM (1992) A composite cost function for multiproduct firms with an application to economies of scope in banking. Rev Econ Stat 74(2):221–230
Rajan RG, Zingales L (1998) Power in a theory of the Firm. Q J Econ 113(2):387–432
Reinhart CM, Rogoff KS (2011) From financial crash to debt crisis. Am Econ Rev 101(5):1676–1706
Rotolo D, Rafols I, Hopkins MM, Leydesdorff L (2017) Strategic intelligence on emerging technologies: scientometric overlay mapping. J Assoc Inf Sci Technol 68(1):214–233
Saloner G, Shepard A (1992) Adoption of technologies with network effects: an empirical examination of the adoption of automated teller machines. National Bureau of Economic Research
Santomero AM, Eckles DL (2000) The determinants of success in the new financial services environment: now that firms can do everything, what should they do and why should regulators care? Federal Reserve Bank of New York. Econ Policy Rev 6:11–23
Santos JA (2001) Bank capital regulation in contemporary banking theory: a review of the literature. Financ Mark Inst Instr 10(2):41–84
Sapienza P (2002) The effects of banking mergers on loan contracts. J Finance 57(1):329–367
Small H (1973) Co-citation in the scientific literature: a new measure of the relationship between two documents. J Assoc Inf Sci Technol 24(4):265–269
Small H, Greenlee E (1986) Collagen research in the 1970s. Scientometrics 10(1–2):95–117
Small H, Sweeney E, Greenlee E (1985) Clustering the science citation index using co-citations. II. Mapping science. Scientometrics 8(5–6):321–340
Stein JC (2002) Information production and capital allocation: decentralized versus hierarchical firms. J Finance 57(5):1891–1921
Stiglitz JE, Weiss A (1981) Credit rationing in markets with imperfect information. Am Econ Rev 71(3):393–410
Stiroh KJ (2004) Diversification in banking: is noninterest income the answer? J Money Credit Bank 36:853–882
Sullivan R, Wang Z (2005) Internet banking: an exploration in technology diffusion and impact. Federal Reserve Bank of Kansas City Payments System Research Working Paper, 05–05
Tsoulfidis L (2011) Classical vs. neoclassical conceptions of competition. Discussion paper series 2011_11, Department of Economics, University of Macedonia
Vidgen R, Henneberg S, Naudé P (2007) What sort of community is the European conference on information systems? A social network analysis 1993–2005. Eur J Inf Syst 16(1):5–19
Vives X (2001) Competition in the changing world of banking. Oxf Rev Econ Policy 17(4):535–547
Waltman L, van Eck NJ, Noyons EC (2010) A unified approach to mapping and clustering of bibliometric networks. J Informetr 4(4):629–635
White HD, McCain KW (1998) Visualizing a discipline: an author co-citation analysis of information science, 1972–1995. J Am Soc Inf Sci 49(4):327–355
Wilson JO, Casu B, Girardone C, Molyneux P (2010) Emerging themes in banking: recent literature and directions for future research. Br Account Rev 42(3):153–169
Zaher TS, Kabir Hassan M (2001) A comparative literature survey of Islamic finance and banking. Financ Mark Inst Instr 10(4):155–199
Zhao D, Strotmann A (2008) Evolution of research activities and intellectual influences in information science 1996–2005: introducing author bibliographic-coupling analysis. J Assoc Inf Sci Technol 59(13):2070–2086
Zhao T, Casu B, Ferrari A (2010) The impact of regulatory reforms on cost structure, ownership and competition in Indian banking. J Bank Finance 34(1):246–254
Metadata
Title
Trends and turning points of banking: a timespan view
Authors
Payam Hanafizadeh
Seyedali Marjaie
Publication date
12-03-2019
Publisher
Springer Berlin Heidelberg
Published in
Review of Managerial Science / Issue 6/2020
Print ISSN: 1863-6683
Electronic ISSN: 1863-6691
DOI
https://doi.org/10.1007/s11846-019-00337-4

Other articles of this Issue 6/2020

Review of Managerial Science 6/2020 Go to the issue

Original Paper

The role of product line breadth, product pre-entry experience, and market uncertainty in explaining followers’ speed of feature entry

Original Paper

Affiliative and aggressive humor in leadership and their effects on employee voice: a serial mediation model

Original Paper

Effects of supply chain practices, integration and closed-loop supply chain activities on cost-containment of biodiesel

Original Paper

Do board characteristics drive firm performance? An international perspective

Original Paper

Effects of task and work responsibilities idiosyncratic deals on perceived insider status and the moderating roles of perceived overall justice and coworker support

Original Paper

Beyond the “good” and “evil” of stability values in organizational culture for managerial innovation: the crucial role of management controls